Recording Automatic Teller Withdrawals

If you use the automatic teller (ATM) feature at your bank to withdraw money, you need to record that transaction in QuickBooks. You need to have a cash account to which you can charge the withdrawal, such as Petty Cash or Drawer. Then the withdrawal is actually treated like a transfer of funds from your bank account to your cash fund.

Select Transfer Funds from the Banking menu.

Enter the date of the ATM withdrawal.

Click the drop-down list to select the bank account from which the money was withdrawn.

Click the drop-down list to select the name of the cash account you use.

Enter the amount of the withdrawal.

Enter an optional memo.

Click a save option.

See Also

See "Transferring Money Between Accounts," on page 275 for an example of recording the electronic transfer of money between accounts.

Show Me. QuickBooks 2006
Show Me QuickBooks 2006
ISBN: 0789735229
EAN: 2147483647
Year: 2005
Pages: 328
Authors: Gail Perry © 2008-2017.
If you may any questions please contact us: